However this turns out, one thing is clear, the lawyers, accountants and governments are going to make a lot of money out of this. The penalties and legal fees is going to run into the hundreds of billions of dollars.
Monitoring the Crypto Bubble
- Thread starter Bullion Baron
- Start date
However this turns out, one thing is clear, the lawyers, accountants and governments are going to make a lot of money out of this. The penalties and legal fees is going to run into the hundreds of billions of dollars.
Many (myself included) have been raising concerns over Tether for YEARS. Yes, there are scammers in this space. That does not mean the technology is bunk.
If you need it all to be a "safe space" and all the risk taken out, then sure - crypto is not for you. You can come back in 20 or 30 years when the dust has settled and the sector has properly matured with the risk removed, but remember to try not to cry into your beer about how you missed it all when you do. It's not our job to convince you. Go buy some government bonds paying just over 0% and see how you go with your "safe" investment.
If you need it all to be a "safe space" and all the risk taken out, then sure - crypto is not for you. You can come back in 20 or 30 years when the dust has settled and the sector has properly matured with the risk removed, but remember to try not to cry into your beer about how you missed it all when you do. It's not our job to convince you. Go buy some government bonds paying just over 0% and see how you go with your "safe" investment.
Even the drama seems a bit watered down compared to other cycles. Either I'm jaded or the big scares from yesteryear seemed way more epic that some doofus tweeting.
Were briefed yesterday by our advisers EY that if the company want to hold or accept bitcoins to consider future carbon policy and the risks of carbon prices on our balance sheet.
Takeway the risks of who pays for carbon price on commercial trades of BTC is considerable.
Also that less businesses accept btc as payment today than in 2017.
Takeway the risks of who pays for carbon price on commercial trades of BTC is considerable.
Also that less businesses accept btc as payment today than in 2017.
The message:
1. ESG has real implications for firms. Which will lead to good outcomes in the long run, but there will be some lip-service paid on the way.
2. BTC has moved beyond a currency used to settle market transactions.
Hopefully you didn’t pay for that advice. It could’ve been offered freely here.
1. ESG has real implications for firms. Which will lead to good outcomes in the long run, but there will be some lip-service paid on the way.
2. BTC has moved beyond a currency used to settle market transactions.
Hopefully you didn’t pay for that advice. It could’ve been offered freely here.
@tdtwedt it's not that different to many other Defi projects where users firstly have to convert their token of choice into a token for yield farming or staking. For example if you intend to stake FRS you firstly need to convert your FRS into veFRS at the rate of 4 veFRS for every FRS locked up. I'm not technically minded enough to explain the details of it but naturally, if you're dubious of the whole crypto sphere then this concept is going to seem alien, bewildering, ridiculous and even scam-like. Don't interpret that as support for the Origin Dollar project though as I haven't looked into it in-depth but on face value I can see some merit to it.
If I can offer some advice, no offence intended but you're spending an awful amount of time posting FUD daily in an attempt to discredit DLT but not really doing a very convincing job of it because those of us that do understand the market either just ignore you because it's so predictable or we just make the odd comment here and there hoping to enlighten. The only ones probably appreciating your efforts are those who are crypto-sceptic already, and like you don't really get it.
My advice to you @tdtwedt is either use that time to learn about DLT or let this whole crypto thing go and concentrate on something you do understand.
If I can offer some advice, no offence intended but you're spending an awful amount of time posting FUD daily in an attempt to discredit DLT but not really doing a very convincing job of it because those of us that do understand the market either just ignore you because it's so predictable or we just make the odd comment here and there hoping to enlighten. The only ones probably appreciating your efforts are those who are crypto-sceptic already, and like you don't really get it.
My advice to you @tdtwedt is either use that time to learn about DLT or let this whole crypto thing go and concentrate on something you do understand.
@tdtwedt are you interested in learning or just trolling?
How about posting some of your own ideas instead of regurgitating the nonsense of others?
I've already posted in another thread regarding this. The upshot is that crypto critics can't both (a) claim that the price of BTC is rising only because the number of stablecoins being issued is rising, and (b) claim that more stablecoins are being issued because the price of BTC is falling.
Your position is illogical and without any evidence to support it.
How about posting some of your own ideas instead of regurgitating the nonsense of others?
I've already posted in another thread regarding this. The upshot is that crypto critics can't both (a) claim that the price of BTC is rising only because the number of stablecoins being issued is rising, and (b) claim that more stablecoins are being issued because the price of BTC is falling.
Your position is illogical and without any evidence to support it.
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Stablecoin supply ratio at all time low.
* my emphasis
* my emphasis
that would require having an original idea.
couple of interesting tweets ive seen
wheere are we in the cycle? https://twitter.com/MalinaCrypto/status/1394919090989543424
some good investing advice https://twitter.com/TrungTPhan/status/1397927107682914308
This is what it's really about. FUD-ding potential newcomers out of the space.
There are many who would have vested interest in slowing down the pace of adoption for this new technology. It's going to be disruptive as all hell.....
Fortunately we're unlikely to have to deal with "Desperate Statists" on this forum.
And I just love that "Prisoner of Sunk Cost" analogy. Absolutely superb. It could also apply to Bitcoin Maximalists mind you but that's another argument for another day.
And I just love that "Prisoner of Sunk Cost" analogy. Absolutely superb. It could also apply to Bitcoin Maximalists mind you but that's another argument for another day.
^ When it gets to 5 in a row I’m going to start deleting your posts. Tackle count is currently “0”.
But I may do it sooner. You’ve been warned.
But I may do it sooner. You’ve been warned.